Simon Dixon Loses $8.8 Million Worth Bitcoin on Celsius Network

  • He also mentioned the involvement of Alex Mashinsky in the theft.
  • Many investors came forward with their experiences and comments over the incident.

Simon Dixon, the CEO, and co-founder of the online investment platform shared a thread on his official Twitter account claiming that the liquidity-strapped crypto lending platform, Celsius Network, has acquired 289 Bitcoin worth $8.8 million as to an earlier loan application which hasn’t been even granted.

On February 25, Dixon tweeted that “the Celsius hole is deeper than we think”:

Notably, Dixon, while presenting the huge loss he had, commented that he would rather address it as an “embezzlement” similar to the one carried out by SBF, the former CEO of the crypto company FTX than call it a “mismanagement”.

Interestingly, the crypto investor Renato agreed with Dixon, but with one suggestion. He stated that:

Simon I agree with what you say, only one small grammatical error .the word “mismanagement “needs to be replaced with “Theft “ Let’s call it what it is, all the signs are there.

In another thread, he added that the day he lost his father, “Celsius ripped $8.8 million bitcoin” from his account. He told that the amount was similar to the one withdrawn by the Israeli-American entrepreneur Alex Mashinsky, “before he paused another $10m”.

Additionally, he stated that Mishinsky too rigged him off, noting:

3 days later I was on the phone with Alex Mashinsky trying to help him save his company with no clue he had rigged me.

Following Dixon’s tweet, and even prior to his revelation, many crypto investors have come forward with the “theft” they experienced from the Celsius Network.

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